Belong Acquisition Corp. Units
BLNGU
BLNGU was delisted on the 25th of July, 2023.
15 hedge funds and large institutions have $15.8M invested in Belong Acquisition Corp. Units in 2022 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 3 increasing their positions, 7 reducing their positions, and 4 closing their positions.
12% less funds holding
Funds holding: 17 → 15 (-2)
47% less capital invested
Capital invested by funds: $30M → $15.8M (-$14.2M)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
57% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$139K |
| 2 |
Walleye Capital
New York
|
+$46.1K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$25.6K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$8.9K |
| 5 |
CS
Clear Street
New York
|
+$5.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$10.9M |
| 2 |
Millennium Management
New York
|
-$1.67M |
| 3 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$607K |
| 4 |
VF
Virtu Financial
New York
|
-$568K |
| 5 |
SMA
Sage Mountain Advisors
Atlanta,
Georgia
|
-$211K |
BLNGU Hedge Fund Activity: Q1 2022 in Review
15 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Belong Acquisition Corp. Units (BLNGU) for Q1 2022, worth a combined $15.8M — down 47% from $30M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of BLNGU and 2 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 3 added.
The largest buyer was Old Mission Capital, opening a new position worth an estimated $139K. The largest seller was Aristeia Capital, exiting entirely with an estimated $10.9M sold.
- 15 institutional investors held Belong Acquisition Corp. Units (BLNGU) as of Q1 2022, down from 17 in Q4 2021.
- Funds reported $15.8M of Belong Acquisition Corp. Units stock for Q1 2022, down 47% quarter-over-quarter.
- 2 funds opened new Belong Acquisition Corp. Units positions in Q1 2022 and 4 closed out, a net change of -2 holders.
- The largest Belong Acquisition Corp. Units buyer in Q1 2022 was Old Mission Capital, an estimated $139K added.
- The largest Belong Acquisition Corp. Units seller in Q1 2022 was Aristeia Capital, an estimated $10.9M sold.
Based on aggregated 13F filings for Q1 2022.